The Charlottesville-based company will pour the seed financing, led by private equity firm Ballast Fund, into moving System-Aware Cybersecurity into the advanced prototype and testing stage, MSi said Tuesday.
“MSi's technology addresses cyber attack challenges faced by legacy and new critical systems“¦ [with an approach that] allows us to monitor, detect, inform and automatically correct against a cyber attack,“ MSi CEO David Drescher said.
“We are dedicated to improving our clients' ability to address cyber attacks that initialize beyond the perimeter.“
The University of Virginia Department of Systems and Information Engineering developed the initial prototypes for demonstration under research sponsorship from the Defense Department and the Commonwealth Research Commercialization Fund.
MSi said information technology security veterans Carlos Solari and Paul Robertson have joined the company in an advisory capacity.